Jupiter Explorers has $10,000 in sales. The profit margin is 3 percent. There are 5,500 shares of stock outstanding, with a price of $1.60 per share. What is the company's priceearnings ratio?

a) 27.27 times

b) 29.33 times

c) 14.67 times

d) 8.73 times

e) 8.16 times